Tridge summary
The price of bananas in the UK has remained the same for the past 30 years, but Brexit could potentially cause a decrease in prices. Latin American producers dominate the UK banana market due to free trade agreements with the EU. The UK government is currently considering tariffs on bananas as part of a trade deal with Andean countries, which has been criticized by the Pan-African Association of Banana Producers and Exporters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price of bananas in the UK has not risen in three decades and could now fall thanks to Brexit. Currently, a kilo of bananas costs around 115 pence (€1.32), which is the same as in 1990. In the United Kingdom, 'dollar banana' producers from Latin America dominate the banana market because they can offer their product cheaply thanks to free trade agreements concluded by the European Union, which have significantly reduced import taxes. As part of a trade deal with Andean countries - Colombia, Ecuador and Peru - the UK government is currently investigating tariffs on bananas. Afruibana, the Pan-African Association of Banana Producers and Exporters, has said that diverging from the EU obligation amounts to a 'betrayal' of the United Kingdom. ...
Source: AGF
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